I became executor of my uncles estate in 2019 and I have finally gotten the estate resolved. I am on SSI.
Everett's answer
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Answered on December 20, 2021
Appears you may owe tax returns for the Deceased, and for his estate, and perhaps yourself. I suggest you talk with a tax attorney who can sort out...
Will a beneficiary be taxed for withdrawing money from GoFundMe?
Everett's answer
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Answered on December 18, 2021
There is no income tax deduction for the donor to a gofundme account not associated with an IRS approved charitable organization, and likewise no...
Texas cottage food law says I am exempt from sales tax, but 100%?
Everett's answer
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Answered on December 03, 2021
Generally, raw food sold for personal consumption is exempt for sales tax.
Food must meet these conditions to be exempt from tax:
it must be sold...
When inheriting property, are taxes based on appraisal district valuations or private 3rd parties?
Everett's answer
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Answered on December 03, 2021
Your question is confusing - not sure who "they" are. Generally, the county appraisal district appraises the value based on the fair market value....
Moved to a new state, which state do I file taxes in?
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Answered on November 19, 2021
As you describe it, you may be a part resident part non-resident for California for the year in which you moved. Texas does not have a personal...
Who is truly Responsible for Taxes owed on the sale of a home in Texas?
Everett's answer
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Answered on November 17, 2021
It depends on the contract. Read the contract carefully. You may need to consult with an attorney who can review and explain the contract with you.
Are you required to file your taxes jointly if you are common law married in Texas?
Everett's answer
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Answered on November 15, 2021
If she is common law married in Texas, her filing status for tax returns would be married filing separate or married filing joint with her spouse.
If you gift someone money (within the $15k yearly limit), what if they gift it back within the same year?
Everett's answer
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Answered on November 15, 2021
Your gift back is not taxable income.
In Texas would a property tax deferment take a subordinate lien position?
Everett's answer
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Answered on November 13, 2021
I haven't had occasion to consider this issue, but it seems to me that these would be property taxes that accrue at the time (each Jan 1) and...
Co-Borrower on investment property?
Everett's answer
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Answered on November 10, 2021
All that is negotiable with your proposed partner. I don't know what you mean by treat income as equity - it appears you may be confused by...